Cash-strapped LeEco reportedly looking to sell Santa Clara headquarters site

Chinese technology conglomerate LeEco is in talks to sell the 49-acre property in Santa Clara that it acquired from Yahoo less than a year ago, Reuters reports. LeEco hopes to sell the property to Chinese real estate developer Genzon Group for $260 million, about $10 million more than LeEco paid for the property in June 2016, Reuters reports, citing an unnamed source. Genzon confirmed to the news agency that it was interested in purchasing the property, but declined to talk about the price. Last…

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Cash-strapped LeEco reportedly looking to sell Santa Clara headquarters site